Payment and Financing Options

Payment and Financing Options

Payment options include cash, checks and all major credit cards. Mendel also has a variety of financing options listed below.

Financing Options from GreenSky
Finance Your HVAC Project
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Financing for GreenSky© credit programs is provided by federally insured, federal and state chartered financial institutions without regard to race,color, religion,natinal origin, sex or familialstatus. NMLS #1416362; CT SLC-1416362; NJMT #1501607 C22


NOTE: A Reference Number is not needed on Application page 1. Fill in the “Requested Loan Amount” and click “Continue.” Please contact Mendel before applying as some restrictions apply.


ComEd and NiCor Gas
On bill Financing Programs

Do you want to have your payment included on your Utility Bill?

Pre-qualify Before You Purchase

  • You must pre-qualify for your loan prior to the purchase of any of these products or services. You will need your Nicor Gas and ComEd account numbers to complete the application. You may apply for both electric and natural gas energy-efficiency measures on the same application.
  • After being pre-qualified, an AFC representative will call you to tell you the loan amount for which you’ve been approved. You may be required to submit additional information before final approval. AFC First will notify Mendel about the status of your loan and will ask about the planned furnace and central AC installation. Once the loan has been approved, AFC First will prepare loan documents and forward them to you for your signature.
  • Once loan documents have been issued, Mendel can begin work. You and Mendel will certify when the job is completed. When AFC First receives all signed paperwork, including a copy of the Complete System Replacement incentive application submitted by Mendel, AFC will contact you to verify that the project was completed to your satisfaction and, if so, release payment to Mendel. You will begin making loan payments on your first or second utility bill following the release of payment to Mendel.

General rates and terms

  • Interest rate currently 5.74% for residential loans, 5.99% for multi-family and small business loans.
  • 36, 60 or 120-month loan terms
  • Loans range from $500 to $20,000
  • 100% financing available — covers equipment costs, installation and related services
  • No home equity required — new homeowners are eligible
  • No fees to consumer
  • Installments will be applied to the customer's monthly Nicor Gas bill
  • Work must be completed by an approved contractor

Improvements must meet ENERGY STAR® or other applicable standards. Below are examples of improvements that can be performed under the Illinois Energy Efficiency Loan program.

  • Central Air Conditioners & Heat Pumps
    • Central Air Conditioners ≥15 SEER
    • Air Source Heat Pumps ≥ 14.5 SEER
  • Natural Gas Furnaces or Boilers
    • Furnaces AFUE ≥ 95%
    • Boilers AFUE ≥95%
  • Natural Gas Water Heaters
    • Storage Water Heater: Energy Factor ≥ 0.67
      • Must be installed with a qualifying furnace (AFUE ≥ 95%) and programmable thermostat.

Eligibility

  • Be a ComEd or Nicor delivery service customer with an active ComEd account in the building where the energy-efficiency improvement will be installed.
  • Own a single-family home, condo or multi-family building with no more than four units
  • Are installing a qualifying improvement in that property
  • Have a credit score of 640 or greater if you are a residential customer

Program Overview for Nicor Gas or Program Overview for ComEd

Apply online for Nicor Gas or Apply Online for ComEd

Consumers Energy Rebates are also available through ComEd and Nicor.

Please click on the appropriate link below for more information.

ComEd – For Smart Thermostat Rebates:

Apply Online

ComEd – For Heating and Cooling Rebates:

Apply Online

Nicor Gas – For Furnaces and Thermostats:

Apply Online



Lower credit score? Microf might be your best choice. Microf is a relationship based company that helps restore your heating and cooling needs with an innovative rent-to-own strategy; fast approval and affordable monthly payments. What’s more, Microf financing is exclusive to the Carrier/Bryant brand of heating and cooling products.

Benefits of the Microf program include:

• Financing exclusively for Air Conditioning and Furnace Equipment

• Quick response times (usually within 30 minutes) upon receipt of your completed application

• Multiple payment terms PLUS a Guaranteed Purchase Option payment, based on credit application

• Monthly payment discounts and early purchase options available

For More Information Visit Microf.com

Click here to Apply

• After being pre-qualified, an AFC representative will call you to tell you the loan amount for which you’ve been approved. You may be required to submit additional information before final approval. AFC First will notify your chosen contractor about the status of your loan and will ask about the planned furnace and central AC installation. Once the loan has been approved, AFC First will prepare loan documents and forward them to you for your signature.

• Once loan documents have been issued, the contractor can begin work. You and the contractor will certify when the job is completed. When AFC First receives all signed paperwork, including a copy of the Complete System Replacement incentive application submitted by your contractor, AFC will contact you to verify that the project was completed to your satisfaction and, if so, release payment to the contractor. You will begin making loan payments on your first or second utility bill following the release of payment to your contractor.· After being pre-qualified, an AFC representative will call you to tell you the loan amount for which you’ve been approved. You may be required to submit additional information before final approval. AFC First will notify your chosen contractor about the status of your loan and will ask about the planned furnace and central AC installation. Once the loan has been approved, AFC First will prepare loan documents and forward them to you for your signature.

• Once loan documents have been issued, the contractor can begin work. You and the contractor will certify when the job is completed. When AFC First receives all signed paperwork, including a copy of the Complete System Replacement incentive application submitted by your contractor, AFC will contact you to verify that the project was completed to your satisfaction and, if so, release payment to the contractor. You will begin making loan payments on your first or second utility bill following the release of payment to your contractor.